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Hello this is Matt on the moon Lambo Channel we're probably about to see an Xrp blowoff top and it's going to be Incredible to see what the volume looks Like I'm anticipating that xrp volume Will be in the tens of billions in a Single 24-hour period I think that it's Going to go far beyond what we saw in 2021 and I'll show you what the numbers Were and that you know by the way even Though we didn't hit a new all-time high In price for xrp in 2021 the volume just Absolutely was massive I mean it Destroyed what what occurred in 2017 Going into early 2018 when when xrp did Hit its all-time high so I look at this And it's it's reason to be exciting uh To be excited and I think we're actually On the cusp of this and actually towards The beginning part of this video uh I'm Going to show you a particular metric And historically this particular metric With where it is right now has indicated That we're only about 2 months away from A new all-time high for Bitcoin and as You know that's a requirement Bitcoin Hid all time high that's a requirement For historically for xrp to then go on And hit its own all-time high and so This is really exci if if history is Going to repeat in this sense we are Closer than we have ever been and There's no guarantee I know could maybe It takes longer but uh look look at what
The price has been doing lately we're Clearly in Bull mode this is the coolest Damn time to be in crypto so I hope Everybody's having a a lot of fun out There I know some people aren't really Thrilled with the price action of xrp uh I've said my piece on that but I want to Delve in in this video a little bit Further having to do with xrp volume and What's going to happen during this Blowoff top because I had an interesting Conversation with another xrp Community Member I think you guys are going to Enjoy but uh before going further I do Want to be clear I do not have a Financial background of any kind I am Not offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoy Is making YouTube videos about crypto Related topics but just as a hobby and Just for fun all right so there's this Post that was shared by a very well Known analyst on social media platform X His name is techdev he's got 424,000 Followers and this is the metric I was Referencing during the intro obv what is Obv it is on balance volume and since I'm not a charke I actually didn't have This committed to memory what this was So I just did a quick Google search and I'll share it with you guys um I've I've
Seen this a number of times over the Years and I've probably talked about it On the channel but I just I do not care Enough to Commit This to Memory because I'm not a chart guy but anyway so what's On balance volume well here it is Described on coin market cap on balance Volume or obv for short is a method of Forecasting the price changes in an Asset by using the element of volume Change obv is a compounding indicator That builds up the volume on up dayss And detracts volume on down days to Gauge the purchasing and selling Pressure and so teev uh wrote The Following it's interesting bitcoin's 2month obv is at new highs Historically it's meant a new all-time High was no more than two months away And a top was 6 to 10 months away so if History is to repeat and I know it's not A guarantee we going to see some Additional fireworks very soon and even If xrp goes Last then 12 months from now I mean We'll have the benefit of hindsight 12 Months from now but if this is to pass We have less than a year for this to Happen for xrp fining and could be way Sooner than 12 months so it's an extend And and nobody knows it's it's not like Anybody can promise this but there are Varying levels of conviction you know The odds of this depending on who you
Speak to but whatever the timeline looks Like I I think we all have a general Sense like this is the closest we've Ever had as xrp holders it's the closest We've been so two months if history is To repeat new alltime high for Bitcoin Market's going to go absolutely Ballistic um now credible crypto one of My favorite analyst he actually reposted That and he seems to agree he wrote Sounds about right and then he shared The little 100 emoji Bitcoin and somebody actually asked him Too and this is kind of an interesting Topic as well when the spot Bitcoin ETF Ultimately gets approved does credible Crypto think that it's going to be a buy The rumor sell the news thing and he Wrote that it's more like a buy the Rumor buy the news event which I thought Was kind of funny but he's saying yeah It's not going down now I don't have That same level of confidence I he Certainly could be right uh my four fun Guests acknowledging totally I could be Wrong is that you're going to see a huge Jump in price when the news breaks and At some point probably not too long After there's going to be a correction That would be just a for fun guess I I Do think that people will be selling the News um but hey I hope credible crypto Is right he's a smart guy and he very Well could be you guys can tell me what
You think in the comments section below I mean whatever you think it's not Stupid nobody knows for sure obviously U Now as far as the xrp volume and this is As far as I'm concerned caused to be Excited but there was this post shared By xrp commity member Wrath of condoman He wrote on this day December 21st xrp And then it shows seven data points Including this year 2023 so xrp's uh Price and volume and daily volume uh Close for xrp so these are the columns That you have here so seven particular Data points for for those Columns and um I'm going to focus on Volum if you want to look at the price You can see what the price was for for Each of these uh each of these years but You can see what the volume is and to Some people this might look a bit Concerning not to me but uh it's it's Reasonable to think that it's it's Concerning um attorney Bill Morgan who I Have nothing but live and respect for um Shared a bit of his concern on this and Um I feel differently I I you know just Respectfully disagree but you know I Could be wrong I'm going to put forth my Strongest argument here and you guys can Tell me if I did a good job or not uh Maybe you'll find attorney Morgan's Position to be more persuasive than mine And that's fine but I do I mean I have Pretty strong confidence in this and I
Think I'm right but um attorney Morgan Reposted that and said what is most Interesting or concerning about those Figures is the daily xrp volume is lower On this day for this year and not this Day in any of the previous six years and So he's just noting that uh the volume For these seven data points on December 21st is lower than for any of the years So you might think well if we're heading The right direction that doesn't sound Good right uh and I think that that made A whole lot of sense so I just like I Said I respectfully disagree uh got to Love Bill Morgan but I do disagree with Him on this and so I went ahead and Responded and we had a nice little bit Of civil discourse here and so I wrote The Following uh here I'll make this Chart full screen that I shared this is An xrp price charts uh going back to the Beginning of time and you can see the Shadowy part of course is is xrp Volume and so anyway I wrote I disagree This is not the least bit concerning Nearly 2,200 days have passed in the Last 6 years each day is a data point And you're only looking at six data Points while ignoring the rest and what I'll pause what I meant to write is uh Six data points before that day which Was yesterday technically um but anyway So I then wrote you can't draw a useful Conclusion from such limited data there
And I do firmly believe that because if Each day is a data point you got Thousands of them how are you going to Look at six and just draw draw a Conclusion any sort of reasonable Conclusion I I don't really think it can Um but then I I also shared some Additional thoughts I wrote look at the Chart below it's an alltime xrp USD Price chart you can see that as the Market heats up xrp price Rises and so Does volume every single time for over a Decade this has happened this is also True for Bitcoin eth and probably just About every cryptocurrency in existence There is nothing bad or outof thee Ordinary going on here regarding xrp Volume undoubtedly the next time xrp Goes on a run the volume will explode Yet again so that's what I wrote and I Firmly believe it um volume was Absolutely insane last Market cycle Despite not hitting any alltime High Which is why I just I can't wait to see What the fireworks look like for this Market cycle because it was upwards According to Queen market cap of like Some something like 26 billion I've got Another post so I'll get you some Specific numbers in just a second here But that's why I was saying at the outs Of the video I think that this xrp Volume blowoff top is going to be insane And it's incoming it's just like you can
You can taste it we so damn close up in This uh but attorney Morgan Responded to me and he agreed with part Of what I said actually uh he wrote I am Not sure equating it to price answers The concern that sought of just beg I Think I mean sort that sort of just begs The question as to why the price has Been overall flat for five years and is Impacting on volume volume could be high Without moving price especially if it is Odl volume your other point is perfectly Valid drawing the conclusion from a few Data points is inductive reasoning the Fallacy of hasty Generalization it would be concerning Though if multiple data points showed Xrp volume was declining as a percentage Of overall volume comparatively more Than other major cryptocurrencies yeah So I think that's a fair enough point he Said at the end um if if there was a if You look at a bunch of data points and It shows a trend in the wrong direction That's a problem but you know what's Really cool that's not what we see in Fact despite the fact that xrp still Hasn't had a new all-time high damn it Uh volume arguably has been trending to The Upside you can make that case and I Actually do so check check this out so Here was my response to attorney Morgan uh what do you mean by equating
Volume to price yeah and so I'm still Not sure exactly what he meant by that I Just shared it through his post a second Ago I'm not sure what he was getting at And so I kind of guessed and then I Wrote The Following uh I'm just pointing Out that volume always spikes Dramatically when when the market is hot And so there is a very strong Correlation between volume spikes and Intense Market activity in terms of Price I see no issue with volume Whatsoever in fact an argument can be Made that volume is increasing over Time for instance during the 2017 Bull Run xrp peaked around $6 billion in a Day but in 20121 it peaked around $26 Billion when it ran to its its high Price for that year so folks think about That despite not hitting new alltime High and fewer people participating in Specula on xrp and less of a frenzy on Xrp the volume still more than Quadrupled from from one Euphoria stage To the next Euphoria stage years later More than quadruple what do you think is Going to happen when it goes this time It's going to be absolutely Bananas I then wrote oh where's my where Did I lose my spot hold on oh yeah I Wrote um I think that's largely because There are way more people in crypto in General and so xrp gets in on some of That love that's a huge increase in
Volume from one bull market to the next We haven't seen xrp in another Bull Run Since 2021 so we'll have to wait to see What happens but I won't be surprised if Volume surpasses $26 Billion it's even more impressive volume Was so high in 2021 considering xrp Didn't hit a new all-time high volume in Crypto is almost never high if price is Just ranging sideways this applies to Xrp but uh but check a Bitcoin chart and You can see easily uh it's it's true There too and so that's one of the Things where I do respectfully disagree Is I shared with you in TDY Mor's Previous post he's he was you noted here I can just get to the exact words he Wrote uh I think it was right here or Wait was it this part oh yeah he wrote Volume could be high without moving Without moving price especially if it's If it is odl vol Uh okay again I don't really ever see That anytime there's a spike in volume It's because xrp price is moving notably Up or notably down and it can go either Way I don't really see that there spikes In volume and they're recorded and you Can see them on you know live coin watch Or Co market cap I don't see that that Happens and then price just moves Sideways I can't think of an instance Where that occurred so if it does um Maybe I'm just missing some knowledge
And if so just point it out and that's Fine I mean if it's data I accept data Of course I just I haven't seen that uh And then if it's odl um fair enough Point but when it comes to odl it's hard To figure out like this is notoriously Difficult for for us on the outside Looking in it's notoriously difficult to Figure out what volume is actually from Odl so I mean I don't have a great way Of figuring that out and I don't know if Anybody does if you guys are aware of Something that I'm not drop a comment Below I don't pretend to know everything I haven't seen it though Ripple keeps That type of stuff um somewhat Hush Hush um but but that said you know I Don't think that odl today has the type Of volume that it would have if you have Fast forward way into the future if it Continues to be a success so I I what I'm saying is I'm I'm not convinced I Don't have a reason to believe that it's A substantial part of VI so I don't Think it would really matter too much Anyway uh but we don't have a great way Of knowing for Sure um and so then I continued uh what Part I lost my spot again now um yeah Here we go uh so I wrote I disagree with Your ition that Xrp uh or wait did I miss let me read The last part I'm sorry if I already Read this but I want to make sure I
Covered I wrote it's even more Impressive volume was uh was so high in 2021 considering xrp didn't hit a new All-time high volume in crypto is almost Never high if price is just ranging Sideways this applies to xrp but check a Bitcoin chart and you can easily see It's true there too I disagree with your Assertion that xrp price has been flat The past 5 years it's been as low as 10 Cents and as high as $2 so I'll pause a Note there folks xrp last Market cycle From bottom to top literally did a 20x And I don't think people frequently Think about it in such terms a 20x is Good now it would have done way better But 20x uh yeah I'll take 20 fold my Whatever my investment is yes that Sounds fantastic now of course I Understand that it doesn't mean that Everybody bought in at 10 cents and Would have known to sell exactly at the Top so it's more complex than that but I Am noting like that's a pretty big Return and that's while xrp was under Attack which is why I say when this Thing goes Bitcoin hits a new alltime High xrp then follows and hits a new Alltime high it's going to be Insane you know we will see the fa face Melt season I believe that and the Volume will be absolutely ridiculous Probably many tens of billions higher
Than what we saw last Market cycle Depending on how insane it gets but Anyway anyway I Continue that's anything but flat Referencing the price there that's Anything but flat but if your concern is More so about xrp not hitting an All-time high in nearly 6 years it's a Fair enough point to bring up but I Don't find it concerning at all in fact I don't know why we should have expected Anything different than what happened It's easily explainable as xrp was being Attacked by the SEC uh without that I Speculate xrp would have hit a new All-time high in 2021 it's also not Surprising that xrp didn't hit a new All-time high upon achieving legal Clarity in July because xrp has never Hit a new all-time high without Bitcoin Doing so first I see no reason to expect That it should have done different this Time in fact uh Bitcoin has uh Bitcoin Was trending down for months at that Time and it dragged the price of xrp Down with it pretty normal stuff in my Humble Opinion I'm just not seeing the cause For concern that you're seeing I could Be wrong we'll find out relatively soon I think uh and then I also noted did the Following I used coin market cap data For xrp volume data live coin watch Volume data is different and I don't
Know why but it doesn't matter whichever Numbers you use will lead to the same Conclusion yeah so I've known this for Some time the volume data is way Different between those two platforms But if you're looking specifically at Xrp um despite the the notable Difference in the dollar figures live Coin watch also reports that it's Effectively a four-fold increase in Volume uh from the peak of the 2017 run To the peak of compared to the peak of The 2021 run for xrp in terms of volume So it's the same roughly four-fold Increase I just don't know why the Numbers are different if any of you know Let me know I've been carries for the Longest damn time but um so so anyway That is what it is and again fine yeah I Could certainly be wrong here but I just I don't see anything wrong with what's Happening and I don't know why we should Have expected anything different frankly So I'm nothing but optimistic for for The future and you guys just have to Tell me what you think I mean just let Me know like it's I mean it's it's an Interesting conversation and I enjoy eny Civil discourse and to this point um Attorney Morgan hasn't responded if he Does um maybe I'll give an update in the Channel but um like what do you like are You worried about this because if you Are articulate your rationale in the
Comments section below I would love to Hear from you I just I don't know why I Should be concerned you know xrp is just Doing what xrp does you know it moves Sideways and down almost every single Month historically for over a decade and Then when it goes It goes like what's Weird I mean in fact you know it would Have been weird if xrp did had a new All-time highl Market cycle because the SEC was attacking it don't you Think and we didn't know at the time for Sure and there's a lot of excitement Surrounding it I mean I was there a lot Of you were There but anyways if I to say we are so Close and I have never been so excited As an xrp like we actually really are it Feels like it no don't know for sure but It feels like we're actually at this Moment we're finally going to see what Happens so whether it's a week or a Month or two months or half year or a Little bit longer whatever it is I have A suspicion we're not going to have to Wait that much Longer let me know what you think I'll Wrap up here though I'm not a financial Adviser you should not buy your sell Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
